Dawson Geophysical (NASDAQ:DWSN) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Dawson Geophysical (NASDAQ:DWSN) from a buy rating to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Dawson Geophysical in a research report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Dawson Geophysical has a consensus rating of “Hold”.

Dawson Geophysical Trading Up 13.7%

Shares of Dawson Geophysical stock opened at $3.41 on Friday. The firm has a 50-day moving average of $4.73 and a 200-day moving average of $3.84. The stock has a market cap of $105.91 million, a PE ratio of 28.42 and a beta of -0.15. Dawson Geophysical has a 52-week low of $1.45 and a 52-week high of $7.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 0.87.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings results on Thursday, August 13th. The oil and gas company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. Dawson Geophysical had a net margin of 3.49% and a return on equity of 19.56%. The business had revenue of $17.91 million for the quarter, compared to analyst estimates of $39.60 million.

Institutional Trading of Dawson Geophysical

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC increased its position in shares of Dawson Geophysical by 67.9% in the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 24,504 shares during the period. Pinnacle Associates Ltd. lifted its position in Dawson Geophysical by 19.0% during the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 8,360 shares during the period. Jane Street Group LLC bought a new stake in Dawson Geophysical during the second quarter worth about $52,000. GSA Capital Partners LLP acquired a new stake in Dawson Geophysical during the second quarter worth about $209,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Dawson Geophysical during the first quarter worth about $119,000. 7.86% of the stock is owned by institutional investors and hedge funds.

About Dawson Geophysical

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.